First, a quick recap.
- 43000 +/- 300 was predicted as possible index high in a number of previous posts and looking at the chart above, index made a highest high of 42647 (rounded off) on closing basis - which is the lower boundary of our specified performance envelope. Its a bit disappointing that index took a harsh reversal right away from the lower boundary without making any significant effort to break through it. However, it is somewhat explainable due to threat factor caused by CKO enrollment deadline of 30/Sep/2020. The deadline has now been extended to 31/Dec/2020.
- On the down side, 39500 was initial support failing which the bottom could reach 37500 - 38000. KSE100 made a lowly low of 39127 on closing basis. Subsequent updates were missed on the blog due to health issues but short notes were sent on our Telegram group.